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Growth Champions Korea 2025
Korea's Growth Champions 2025
In partnership with The Korea Economic Daily, Statista identifies Korea’s growth champions. The list ranks Korean companies with the strongest revenue growth between 2020 and 2023.
Benefits
- New business opportunities
- Employer branding
- Effective media coverage
- Reputation
It is as easy as this
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Pre-register now and get notified when application phase starts
Who is eligible?
In order to be included in the ranking your company must meet the following criteria:
- Revenue of at least 150,000,000 KRW generated in 2020.
- Revenue of at least 1,500,000,000 KRW generated in 2022.
- Be independent (the applying company is not a subsidiary or branch office of another company).
- Headquartered in South Korea
- The revenue growth between 2020 and 2022 was primarily organic (i.e. “internally” stimulated)
How do I register?
Contact us
Should you have any additional questions or would otherwise like to contact us, please email
FAQ
Costs
Do I have to pay to register?
No.
Do I have to pay to be included in the ranking?
Not at all. If included in the ranking, your company is free to celebrate its success via a press release, social media, or a company website. Only businesses that want to use the official seal featuring the Korea Economic Daily and Statista logos with the title Korea's Growth Champions 2025 have to pay a licence fee, in a one-off payment. The seal will be available after publication of the ranking.
Do I have to purchase the Korea's Growth Champions 2025 licence in order to point out or make reference to my place in the rankings?
No. All those who apply and make it into the top list are completely free to publicise this fact. The official seal Korea's Growth Champions 2025, available for a licence fee, is merely an additional option for those who want to advertise and promote their achievement in a more visually striking manner.
Is the creation of the Korea's Growth Champions ranking commissioned and paid for by customers?
No, this project has two revenue sources: revenues from licence fees, as outlined above, and advertisements on kedglobal.com where the ranking will be published.
Eligibility
Who is eligible to participate?
All companies that meet the above mentioned requirements.
My company is wholly or partly owned by venture capital, private equity firms or investment funds. Can my company still qualify for the ranking?
Yes, as long as it complies with the aforementioned criteria.
My company was founded during the course of 2020. Can I still participate?
Yes, as long as it complies with the aforementioned criteria. Additionally there will be a footnote stating that your first fiscal year was incomplete.
How do you verify the data provided by participants?
Revenue data are verified through the signing off of this form by the managing director/CEO, the finance director/CFO or a member of your executive committee. The form may be uploaded to designated link.
Dates
When is the registration deadline?
Registration through the online form can be completed by August 31st 2024.
Until when am I able to submit the revenue verification form?
The deadline for us to receive this document is August 31st 2024.
Methodology
On what criteria is the ranking of the top companies in the Korea's Growth Champions 2025 ranking determined?
The ranking is determined by the growth in revenue between the years 2020 and 2023.
How will Statista calculate the average growth in revenue of a company?
We use the compound annual growth rate. For example, if a company achieved total revenue of 1,500m KRW in 2020 and total revenue of 7,500m KRW in 2023, we calculate an average yearly increase of 71%.
The fiscal year of my company does not coincide with the calendar year. However, the survey and the form ask for the total revenue for the calendar years of 2020 and 2023. Which revenue information should I provide?
Please provide the revenue details for the fiscal years which fall predominantly in the calendar years of 2020 and 2023. For example if your company’s fiscal year is from 01/04/2023 to 31/03/2024, this fiscal year falls mainly in 2023, so use this for 2023 revenues. If your company’s fiscal year is from 01/10/2022 to 30/09/2023, this fiscal year falls mainly in 2023 as well, so use this for 2023 revenues.
Which definition of revenue will be observed in the Korea's Growth Champions 2025 list?
Net revenue adjusted for returns, excluding value added tax and derived solely from business activities (excluding any other operating income) as disclosed in your company report.
Are further key data, such as profitability, relevant for the Korea's Growth Champions 2025 ranking?
As a minimum, we require data on revenue growth. However, we also encourage you to add any pre-tax profit information to the registration form. While we state that pre-tax profit is not required, such information will help us better understand your company. Moreover, such transparency is likely to attract more editorial attention to your company in the special report.
Publication
When will the Korea's Growth Champions 2025 ranking be published?
The ranking will be published in December 2024.
Which information concerning individual companies will be published by The Korea Economic Daily?
The following information will be released about the top companies: the company name, the average growth in revenue and the total revenue for the years of 2020 and 2023, the number of employees in 2020 and 2023, the founding date of the company, the URL of the company website, as well as the location of the head office.
How will I find out whether or not my company has made it into the ranking?
The results of our research will be published in the Korea Economic Daily and on hankyung.com and kedglobal.com so that the findings can be read and shared by everybody. In advance of this, the successful companies will be informed by post of their inclusion in the list.
Disclaimer
The Korea Economic Daily and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.
